eau de sauvage wrote on 04/10/20 at 03:10:11:




I wouldn't draw a straight line from reparations to WW2. Besides, in the 20's and 30's LOL 100 yrs ago. Worse yet was the physical proximity as well as a history of wars - Franco Prussian war along with other wars in Europe. And If you ant to go to the Spanish flu, there was bubonic plague in England and several other similar epidemics, malaria, cholera, typhoid.
I definitely want to hit china very very very hard. Because the last 20 yrs are all china when a fast moving easily spread disease comes in wiping out millions and quickly china cleans up the rhetoric by silencing the press without ever addressing the problem.
81K infected, 77K recovered, 3K dead, 99.5% accounted for, 0.5% unknown, nothing to see here. It sounds like they genetically created a disease they have immunity to with those numbers. Definitely to be considered an act of war. They cant have it both ways. Super low numbers = they are immune to it = they definitely need to pay for it. If their numbers are higher - release them and we might empathize and let off a little on the reparations. BTW Biden is also talking about reparations, but I think he wants to collect it form the races that have lower fatalities, like black and brown people evidently are higher, so white people need to pay them reparations or something. He wants race related data to do that. Apparently Pochahontas is his main advisor.

Cool.
Srinath.

BTW its really looking like Trump will successfully make the argument that - I'll deal with china, I've dealt with china, I'll be tougher on china than any one else because before china virus I already was, and this Old fool Biden is already in their back pocket, and want to pay reparations ot black and brown people (some of whom are illegals) from the rest of us while letting china off the hook - while I want to pay reprations to all Americans with china paying for it.

Reparations are the new wall, china is the new mexico and I thin kits a very very powerful argument. Trump in a landslide - he made a land slide out of a server and a few deaths at Benghazi. This is 1000's dead. I cant see how Biden makes a case where he will displace a war time president who was squeezing china hard before the china virus.
Trump has stopped calling it china virus, just till the true campaigning begins. And the debates start.
Cool.
Srinath.

pg wrote on 04/11/20 at 14:54:36:




This is not a short answer. But here is the shortest possible answer.
Germans printed bills to pay war reparations after WW1. They cant do that now, most big economies have a check against that. They would need to sell bonds (debt) to do so.
Also the gold standard has been dropped.
There was no regulation for the stock valuations and the trading system in the 20's.
There is a combination of factors. Stock market rises and falls are all very well checked and tempered and regulated well.
Will we have recessions ? Definitely. Like now. But will we see enmasse soup lines and people losing decades of their life to it ? No. Not even the most unluckiest is going to lose more than a year or 2, like coal miners in WV - They may need to get a new skill - and start afresh.

Cool.
Srinath.